RECONCILIATION OF CHANGES IN LIABILITIES ARISING FROM FINANCING ACTIVITIES |
|
25. |
RECONCILIATION
OF CHANGES IN LIABILITIES ARISING FROM FINANCING ACTIVITIES |
Liabilities
arising from financing activities include corporate loans and loans payable to officers and related companies. A reconciliation
of changes in these liabilities is:
For the nine months ended |
|
May
31,
2019 |
|
|
May
31,
2018 |
|
|
|
|
|
|
|
|
Balance, beginning of the period |
|
$ |
2,134,955 |
|
|
$ |
2,804,202 |
|
|
|
|
|
|
|
|
|
|
Changes from financing cash flows |
|
|
|
|
|
|
|
|
Proceeds from debt |
|
|
517,000 |
|
|
|
1,328,056 |
|
Proceeds from convertible debt |
|
|
5,618,750 |
|
|
|
5,200,171 |
|
Proceeds from officer loan |
|
|
- |
|
|
|
- |
|
Repayment of long-term loans |
|
|
(497,206 |
) |
|
|
(947,720 |
) |
Repayment of convertible loans |
|
|
(400,000 |
) |
|
|
|
|
Advances from executive officers |
|
|
- |
|
|
|
9,196 |
|
|
|
|
|
|
|
|
|
|
Effect of changes in foreign exchange rate |
|
|
(21,838 |
) |
|
|
(23,277 |
) |
|
|
|
|
|
|
|
|
|
Other changes |
|
|
|
|
|
|
|
|
Debt settled through share issuance |
|
|
(192,395 |
) |
|
|
(4,392,171 |
) |
Conversion of convertible debt |
|
|
(257,082 |
) |
|
|
- |
|
Debt applied to notes receivable |
|
|
(120,900 |
) |
|
|
|
|
Interest accrual |
|
|
- |
|
|
|
2,160 |
|
Interest capitalized |
|
|
|
|
|
|
446,355 |
|
Value placed on warrants issued |
|
|
(557,407 |
) |
|
|
|
|
Value placed on beneficial conversion feature |
|
|
(621,166 |
) |
|
|
|
|
Gain on debt deposit |
|
|
- |
|
|
|
(50,982 |
) |
Accretion of loan balance |
|
|
967,382 |
|
|
|
56,500 |
|
Balance, end of the period |
|
$ |
6,570,093 |
|
|
$ |
4,432,490 |
|
|